The financials
FirstEnergy by the numbers
FirstEnergy (FE) reported revenue of $4.20B in Q1 2026 (quarter ended Mar 31, 2026), up 12% from the same quarter a year earlier. That came with a gross margin of 65% and net income of $405M (9.6% of revenue). For the full year FY2025, revenue was $15.1B (+12% year on year) and net income $1.02B. Its largest product in Jun 2026 was Electricity Us Regulated at $2.79B, 72% of the disclosed total, well ahead of Electric Transmission at 18%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $4.20B | $3.77B | +12% |
| Gross profit | $2.74B | $2.73B | +0.4% |
| Operating income | $828M | $754M | +9.8% |
| Net income | $405M | $360M | +13% |
| Diluted EPS | $0.70 | $0.62 | +13% |
| Product | Revenue | Share |
|---|---|---|
| Electricity Us Regulated | $2.79B | 72% |
| Electric Transmission | $686M | 18% |
| Electric Worldwide Unregulated | $205M | 5.3% |
| Transmission | $149M | 3.9% |
| Other Services | $18M | 0.5% |
| Product And Service Other | $17M | 0.4% |
| Wholesale Sales | $5.0M | 0.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $3.85B (-12%)
Electric Worldwide Unregulated grew +71% year on yearProduct And Service Other -15% year on year
Segment Latestquarter on quarteryear on year
- Electricity Us Regulated$2.79B$2.79BQoQ -14%year on year +3.3%-14%+3.3%
- Electric Transmission$686.0M$686.0MQoQ +9.2%year on year +22%+9.2%+22%
- Electric Worldwide Unregulated$205.0M$205.0MQoQ -38%year on year +71%-38%+71%
- Transmission$149.0M$149.0MQoQ +25%year on year +34%+25%+34%
- Other Services$18.0M$18.0MQoQ 0.00%year on year -10.0%0.00%-10.0%
- Product And Service Other$17.0M$17.0MQoQ -23%year on year -15%-23%-15%
- Wholesale Sales$5.0M$5.0MQoQ +25%year on year +67%+25%+67%
- Alternative Revenue Program$0.00$0.00QoQ -100%year on year --100%-
- Eliminations And Reconciling Adjustments−$18.0M−$18.0MQoQ -year on year ---
Utilities - Regulated Electric
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